TD Securities lowered shares of Element Fleet Management (TSE:EFN – Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks reports.
Several other equities research analysts have also issued reports on EFN. TD lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$31.00 to C$22.00 in a report on Wednesday. Raymond James Financial cut their price objective on shares of Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, October 6th. RBC Dominion Securities cut their price objective on shares of Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. National Bank Financial dropped their price target on Element Fleet Management from C$50.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Finally, Scotia dropped their price target on Element Fleet Management from C$41.00 to C$32.00 and set a “sector outperform” rating on the stock in a research note on Monday, October 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Element Fleet Management currently has an average rating of “Moderate Buy” and a consensus target price of C$32.86.
View Our Latest Stock Analysis on EFN
Element Fleet Management Price Performance
Shares of EFN stock traded up C$0.62 during mid-day trading on Wednesday, hitting C$20.08. The company had a trading volume of 2,768,633 shares, compared to its average volume of 1,209,130. The stock’s 50 day moving average price is C$23.15 and its 200-day moving average price is C$28.71. Element Fleet Management has a 52-week low of C$19.11 and a 52-week high of C$38.00. The company has a market capitalization of C$7.80 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.97 and a beta of 0.57. The company has a debt-to-equity ratio of 359.10, a current ratio of -1,737.58 and a quick ratio of 5.70.
Element Fleet Management (TSE:EFN – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported C$0.50 earnings per share (EPS) for the quarter. The firm had revenue of C$456.57 million for the quarter. Element Fleet Management had a return on equity of 10.87% and a net margin of 12.29%. Equities research analysts forecast that Element Fleet Management will post 1.69 earnings per share for the current year.
Insider Buying and Selling at Element Fleet Management
In other news, insider Jose Manuel Tamayo purchased 2,343 shares of the stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the completion of the purchase, the insider directly owned 3,844 shares of the company’s stock, valued at approximately C$95,139. The trade was a 156.10% increase in their position. Also, insider Jacob Eisenberg sold 90,855 shares of Element Fleet Management stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the sale, the insider directly owned 64,897 shares in the company, valued at approximately C$1,704,195.22. This trade represents a 58.33% decrease in their position. 0.26% of the stock is currently owned by insiders.
Element Fleet Management Company Profile
Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.
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